Another business in the Brokerage is blaming the bankrupt shopping, restaurant and office complex for its own financial blues.
Baltimore Grog & Tankard Inc., which brings local and nationally known music groups into its bar and restaurant, filed for Chapter 11 reorganization under the U.S. Bankruptcy Code Monday. It is the second bankruptcy filing by one of the Brokerage's tenants since the complex itself filed for reorganization in early March.
The Brokerage enticed the Grog's owners into 34 Marketplace almost a year ago by promising them it would pay for contracting work needed to remodel, said 26-year-old Hammed Hossainkhail, who owns the restaurant with his brothers, Abdul and Khaled.
When the Brokerage filed for Chapter 11 reorganization, it no longer made its payments to the Grog & Tankard, so the restaurant could not afford to pay the three major contractors that did its remodeling work, Mr. Hossainkhail said.
"The Brokerage owes us more than $110,000, and that's a lot to pay, since we have other expenses. We just can't come out of pocket like that," he said.
The Grog & Tankard's assets are listed as $30,000 and its debts as $292,404 in its filing in U.S. bankruptcy court in Baltimore. The brothers also own the Grog & Tankard in Georgetown.
The bankruptcy filing was made to escape a possible lien on the Grog & Tankard property, which would have violated the lease agreement the restaurant has with the Brokerage, said Robert B. Scarlett, the attorney who is handling the filing. "This is just a technical bankruptcy filing," Mr. Scarlett said. "The Grog & Tankard is a profitable business, and I fully intend to come up with a reorganization plan shortly."
The restaurant is still keeping its usual entertainment schedule and business hours -- 6 p.m. to 2 a.m., Tuesday through Saturday. Locally based Tempus Fugit, a band specializing in the music of the Grateful Dead, played there last night, and the restaurant will have a party to celebrate its first anniversary Oct. 6.
Dominique's Restaurant, also based at the Brokerage, filed for bankruptcy protection and shut down last month, saying the financial troubles of the Brokerage and the Fishmarket hurt its business.
The restaurant reopened last week with a scaled-down menu and prices, and more traditional fare than the rattlesnake meat it offers at its Washington location.